Top Ten Car & Home Insurance Companies

Automobile and homeowners' insurance falls within the Property & Casualty insurance sector. Before you purchase a car or home insurance policy, learn more about the various companies that offer these policies. Your goal should be to purchase your insurance coverage from a carrier that is financially stable and has a high degree of customer satisfaction with regard to claims and billing issues. There are several independent organizations whose sole purpose is to evaluate insurance carriers on a number of issues ranging from financial capability, claims-paying history, customer satisfaction, pricing structure and product offerings. Below are the top ten automobile and homeowners insurance companies, considering information provided by the three largest independent ratings organizations.

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Amica Mutual

Amica Mutual Insurance Company is based out of Providence, RI and is a member of the Amica Mutual Group. The company has more than $2 billion in assets, a strong long-term outlook, and has been rated A++ (Superior) by A.M. Best as of May 2009. According to JD Power & Associates, "Amica Mutual ranks highest for an eighth consecutive year among homeowners insurance companies, performing particularly well in all five factors that contribute to overall customer satisfaction."

Auto-Owners

Auto-Owners Insurance Company is based out of Lansing, MI and is a member of the Auto-Owners Insurance Group. The company has more than $2 billion in assets, a strong long-term outlook and has been rated A++ (Superior) by A.M. Best as of May 2009. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

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Erie Insurance

Erie Insurance Company is based out of Erie, PA and is a member of the Erie Insurance Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of June 2009 and AA by Standard & Poor's as of December 2007. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

State Farm

State Farm is based out of Bloomington, IL. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A++ (Superior) by A.M. Best as of May 2009 and AA by Standard & Poor's as of March 2009. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Cincinnati Insurance

Cincinnati Insurance Company is based out of Cincinnati, OH and is a member of the Cincinnati Insurance Companies. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of December 2008 and A+ by Standard & Poor's as of June 2008. This company received a mixture of 3 and 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Alfa

Alfa Alliance Insurance Corporation is based out of Glen Allen, VA and is a member of the Alfa Insurance Group. This company has more than $1 billion in assets, a stable long-term outlook and has been rated A+ (Superior) by A.M. Best as of March 2009. This company received a mixture of 3 and 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

The Hartford

Hartford Accident & Indemnity Company is based out of Hartford, CT and is a member of the Hartford Insurance Group. This company has more than $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by A.M. Best as of February 2009 and A by Standard & Poor's as of June 2009. This company received 4 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

American Family

American Family Life Assurance Company of New York is based out of Columbus, NY and is a member of the Aflac Incorporated Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of February 2009 and AA- by Standard & Poor's as of April 2009. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Allstate

Allstate Insurance Company is based out of Northbrook, IL and is a member of the Allstate Insurance Group. The company has more than $2 billion in assets, a stable long-term outlook, and has been rated A+ (Superior) by A.M. Best as of November 2009 and AA- by Standard & Poor's as of January 2009. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.

Liberty Mutual

Liberty Mutual Insurance Company is based out of Boston, MA and is a member of the Liberty Mutual Insurance Companies. The company has more than $2 billion in assets, a negative long-term outlook, and has been rated A (Excellent) by A.M. Best as of April 2009 and A- by Standard & Poor's as of September 2008. This company received 3 out of 5 stars by JD Power & Associates in all categories concerning customer satisfaction, product selection and pricing.